Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

AAA-rated Dixon takes on underperforming GLG UK Income fund

AAA-rated Dixon takes on underperforming GLG UK Income fund

Citywire AAA-rated Henry Dixon has been appointed manager of the GLG UK Income fund.

GLG recruited Dixon (pictured) from Charles Stanley last year, as Wealth Manager exclusively revealed, to run a mirror version of his Undervalued Assets fund.

Undervalued Assets has returned 106% since its launch in August 2008, compared with the IMA UK All Companies average of 60% through the same period.

The £65 million GLG UK Income fund has returned 68% since its inception in 1999, versus 102% from its benchmark FTSE All Share index. Over three years the fund has returned 29% versus the index gain of 38%.

Former manager John White has relinquished his responsibilities on the fund to work on strategic initiatives at Man Group, GLG’s parent.

‘Equity income funds have always been the cornerstone of UK investors’ portfolios and we have been looking to develop our proposition in this space,’ commented Richard Phillips, head of UK retail at GLG.

Henry’s value style lends itself very well to income investing and he has the right approach and experience, having run a multi-cap UK equity fund with great success over a number of years, to seek out potentially the best income opportunities across the UK market.’

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Related Fund Managers

Henry Dixon
Henry Dixon
39/96 in Equity - UK Equity Income (Performance over 1 year) Average Total Return: 10.00%
John White
John White
Citywire TV
Citywire TV
Citywire TV
Play Sam Vecht: the best opportunities in frontier markets

Sam Vecht: the best opportunities in frontier markets

Blackrock's Vecht evaluates frontier markets and explains where he sees the opportunities

Play Where A-rated Pattullo is finding the best bond opportunities

Where A-rated Pattullo is finding the best bond opportunities

Henderson Global Investors head of retail fixed income explains how he is managing his fund against the surprise current monetary policy divergence.

1 Comment Play Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Taxicab Tenner: Allianz Global Investors' AA-rated Simon Gergel

Our much anticpated new series is here! We hand a black cab driver a tenner and grill the manager of the 125-year Merchants trust until the meter runs out.    

Your Business: Cover Star Club

Profile: meet the duo at the heart of Hargreave Hale's succession plan

Profile: meet the duo at the heart of Hargreave Hale's succession plan

For the first time in the company's history a non-Hargreave is now at the head of the north west broker and asset manager

Wealth Manager on Twitter